News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
Following a story regarding the proposed rule by HUD that would draw a better distinction better manufactured housing and Park Model RVs, as MHProNews posted Feb. 13, 2016, two national RV associations issued a joint statement which reads, “This proposed rule provides a critical solution to the regulatory uncertainty that […]
New Proposal from HUD Draws Applause Read More
According to financialspots, President Obama has appointed Carlyle Group partner Jerome Powell to serve on the Federal Reserve Board of Governors. Powell was undersecretary for finance under the George H. W. Bush presidency. One of the largest defense contractors in the world, Carlyle includes among its ranks some of the
MHC Owner Carlyle Group has Deep Washington Ties Read More
What’s New in public focused Manufactured HomeLivingNews.com Manufactured and Mobile Homes Aren’t Just for Millionaires – Main Street, Middle America Too What’s New in Manufactured Housing Industry Professional News High rents tough on low-income families. Residents of co-ops save money. Drew notches record revenues. New HUD rule supported by U.
Sunday Morning Recap-Manufactured Housing Industry News Feb. 7-Feb. 14, 2016 Read More
Following a story MHProNews posted Feb. 8, 2016 regarding the exemption of recreational vehicles (RVs) from the Department of Housing and Urban Development’s (HUD) definition of manufactured housing (MH), proposed new rules would not exempt RVs that are used as a primary residence or for permanent occupancy. According to realestaterama,
Senators Donnelly, Coats Support new HUD Rule Read More
Operating four factories with a team accustomed to the complex task of building, transporting and setting modular units, modular construction company Whitley Manufacturing has acquired modular builder Capsys and its proprietary building system, according to multihousingnews. While Whitley intends to manufacture Capsys at its Leola, Pennsylvania facility, it wants to
Capsys Swept up by Modular Builder Whitley Manufacturing Read More
As dailydemocrat tells MHProNews, a 2006 study by the University of New Hampshire compares resident-owned manufactured home communities (MHC) to those owned by investors. The research revealed those who live in a community owned by the residents, called cooperatives, have lower site rents, higher average home sales prices as well
Study Reveals Resident-Owned Communities pay less for Sites Read More
In the news from CNNMoney: Dow is now down 1,451 points on the year. Bookstores record first rise in sales since 2007. Oil spikes 12 percent in largest gain since 2009. Trump claims he will bring jobs back from China and Mexico. JPMorgan Chase CEO Jamie Dimon plunked down $26.6
Dow Spikes, Carlyle Advances over 10 Percent, MHCV Gains more than Five Percent Read More
MHProNews has learned from financial-market-news that Skyline Corp. (NYSE:SKY) Director John C. Firth purchased 5,000 shares of company stock Feb. 5, according to a disclosure filed with the Securities and Exchange Commission (SEC). Acquired at an average cost of $4.16 per share for a total transaction of $20,800, the director
Skyline Corp. Director Purchases 5,000 Shares Read More
The following letter to the editor of TCPalm is expressed tongue-in-cheek to make the writer’s point that manufactured homes are neither mobile nor vehicles. Quoting in its entirety: Jerry Nashel, Vero Beach Letter: Manufactured homes have to be registered as ‘vehicles’ Once upon a time, manufactured homes were mistakenly called
The producer of component parts for the manufactured housing and recreational vehicle industries, Drew Industries, Inc. (NYSE:DW) reported record sales for Q4 2015 of $334 million, up 16 percent from the same period of 2014. Although sales fell slightly short of the consensus estimate of $336 million, net income rose
Drew Reports Record Sales for Q4 2015 Read More
As MHProNews posted Aug. 12, 2015, a manufacturing facility in the Czech Republic is supplying Germany with modular housing to provide quarters for the thousands of refugees fleeing war and poverty in their native lands of Syria, Iraq and Afghanistan. Germany is building seven modular centers to house 20,000 people.
Modular Housing Booming for Refugees in Germany Read More
A 185-foot-long modular housing unit that once housed workers in North Dakota’s Oil Patch is being re-purposed to house inmates for a minimum-security correctional facility south of Bismarck, North Dakota, as billingsgazette informs MHProNews. The 36-bed unit, on lease from Target Logistics for $35 per bed per day, will help
Modular Housing: From Oil Patch to Patching a Correctional Facility Read More
In the news from CNNMoney: Oil drops below $27 again, worrying investors. Dow dropped 412 points, regained 150 of it. U. S. oil bankruptcies spike 379 percent. Gold prices boosted by market turbulence. Fed Chair Janet Yellen says negative rates possible in U. S. Stocks fall to lowest level in
Patrick Advances Again, +6.08%, as Falling Oil Prices Fells Dow Read More
Testifying before the Ohio House of Representatives’ Financial Institutions, Housing and Urban Development Committee in support of HB 273 regarding abandoned MH, OMHA Executive Director Tim Williams stated that current removal of abandoned MH (valued under $3,000) laws are effective in some counties where an affidavit of value is signed
Ohio’s Association Director Williams Testifies before House Committee Read More
Following a story MHProNews last posted Dec. 14, 2015 regarding a proposed ordinance in Mohave County, Arizona that would restrict siting of manufactured homes to be no more than seven years old, the planning and zoning commission (P&Z) amended the ordinance to accept MH built after 1976, according to mojavedailynews.
Ordinance Changed, County now Welcomes HUD Code since 1976 Read More
The board of directors of The Carlyle Group announced financial results for Q4 2015 as cnn.money tells MHProNews regarding this global asset management firm with $183 billion under asset management. With total assets on the balance sheet for Carlyle of $32 billion as of 12-31 2015, by U. S. GAAP
Carlyle Posts Q4 2015 Financials, as it Invests in Northern Calif. MHC Read More
MHProNews has learned from bizjournals that Erlanger, Kentucky-based SSK Communities has acquired Hickory Hills manufactured home community in Florence, Kentucky, marking SSK’s third acquisition this year. The community is adjacent to SSK’s Mosby Pointe, and residents of Hickory Hills will have access to amenities at Mosby, including the clubhouse and
SSK Acquires Hickory Hills MHC in Kentucky Read More
In the news from CNNMoney: China is on a massive gold buying spree. Airline flights getting cheaper. Fed Chair Yellen expresses caution about economy, not sure of another rate hike. Yelp is struggling. Twitter is losing customers as stock falls. Whole Foods may be over its downward spiral. Happy Birthday
Patrick Advances +2.70%, as Most Stocks are Quiet Read More
MHProNews has learned from einnews that William Sheffer will assume the helm of the Michigan Manufactured Housing, Recreation Vehicle and Campground Association (MMHRVCA) in the wake of the retirement of 38-year Executive Director veteran Tim DeWitt. Sheffer has been director of the MMHRVCA since 1995, and will assume the new
William Sheffer takes Helm of Michigan Association Read More
The Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures rule, or TRID, that went into effect in Oct. has a slight typographical error in the supplementary information, as housingwire tells MHProNews. The section in question deals with the application of tolerances to property insurance premiums and taxes, homeowner’s association dues,
CFPB Corrects Typo in the TILA-RESPA Rule Read More
